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Postretirement Plans (Tables)
4 Months Ended
Apr. 19, 2025
Summary of Company's Condensed Consolidated Balance Sheets Related Pension and Other Postretirement Benefit Plan

The following summarizes the company’s Condensed Consolidated Balance Sheets related pension and other postretirement benefit plan accounts at April 19, 2025 compared to accounts at December 28, 2024 (amounts in thousands):

 

 

 

April 19, 2025

 

 

December 28, 2024

 

Noncurrent benefit asset

 

$

6,773

 

 

$

6,869

 

Current benefit liability

 

$

703

 

 

$

703

 

Noncurrent benefit liability

 

$

5,241

 

 

$

5,511

 

AOCI, net of tax

 

$

(348

)

 

$

(257

)

Summary of Total Cost and Employer Contributions

The Flowers Foods, Inc. 401(k) Retirement Savings Plan covers substantially all the company’s employees who have completed certain service requirements. The total cost and employer contributions were as follows (amounts in thousands):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 19, 2025

 

 

April 20, 2024

 

Total cost and employer contributions

 

$

10,777

 

 

$

10,520

 

Pension plans  
Components of Net Periodic Benefit / Cost

The net periodic pension cost for the company’s plans include the following components (amounts in thousands):

 

 

 

For the Sixteen Weeks Ended

 

 

 

April 19, 2025

 

 

April 20, 2024

 

Service cost

 

$

187

 

 

$

224

 

Interest cost

 

 

357

 

 

 

362

 

Expected return on plan assets

 

 

(425

)

 

 

(494

)

Amortization of prior service cost

 

 

8

 

 

 

18

 

Amortization of net loss

 

 

 

 

 

13

 

Total net periodic pension cost

 

$

127

 

 

$

123